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Eye on Lithium: Indonesia, Finland Catch the Lithium Wave as PR1 Surfs the Same into Quebec

Indonesia building lithium hydroxide plant Sibanye-Stillwater approves Keliber integrated lithium project Pure Resources picks up lithium ground in Quebec…

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This article was originally published by Stockhead
  • Indonesia building lithium hydroxide plant
  • Sibanye-Stillwater approves Keliber integrated lithium project
  • Pure Resources picks up lithium ground in Quebec

All your lithium news, Wednesday November 30.

 

If it wasn’t already clear that lithium is still very much a thriving sector, then perhaps the strong performance of stocks chasing the battery metal on the ASX today amidst ongoing efforts across the globe to ensure supply security might be enough to convince sceptics.

Just to the north, Indonesian Deputy Coordinating Minister for Maritime and Investment Affairs Septian Hario Seto told an industry conference on Tuesday that the country was building a 60,000tpa lithium hydroxide plant in the heart of the nickel industry in Morowali.

And just to reinforce the point – though it isn’t quite lithium, Indonesia will also start in January construction of a 80,000tpa battery anode material plant.

Reuters quoted him as saying that Indonesia was building an ecosystem and not just producing nickel and cobalt based components.

However, he did not elaborate on where the lithium ore for the hydroxide plant would come from as Indonesia does not have its own mine.

Meanwhile, South African diversified miner Sibanye-Stillwater has given the greenlight to the €‎588m ($909m) Keliber lithium project in Finland.

The company aims to be Europe’s first fully integrated lithium hydroxide producer with capacity of 15,000tpa from resources totalling 17Mt of scalable lithium oxide.

It is worth noting at this stage that these developments represent just a small slice of all the lithium developments that are in progress across the globe as countries and companies attempt to build a supply chain independent of China.

So for lithium companies to perform well despite all this activity is testament to investors ongoing confidence in the sector.

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
RAS Ragusa Minerals Ltd 0.165 32% $16,539,769
ENT Enterprise Metals 0.01 11% $5,876,826
VKA Viking Mines Ltd 0.01 11% $9,227,326
TYX Tyranna Res Ltd 0.033 10% $72,162,760
LRS Latin Resources Ltd 0.13 8% $241,957,890
SRZ Stellar Resources 0.014 8% $13,060,202
SYA Sayona Mining Ltd 0.22 7% $1,779,406,465
MMC Mitremining 0.22 7% $5,552,446
LRD Lord Resources 0.24 7% $7,489,040
QPM Queensland Pacific 0.1275 6% $209,561,751
PNN Power Minerals Ltd 0.6 6% $40,768,981
1MC Morella Corporation 0.018 6% $98,626,448
LRV Larvotto Resources 0.18 6% $8,483,935
MQR Marquee Resource Ltd 0.055 6% $16,516,114
AS2 Askari Metals 0.415 5% $19,488,953
PAM Pan Asia Metals 0.43 5% $60,210,792
MIN Mineral Resources 87.64 5% $15,897,895,731
ASN Anson Resources Ltd 0.23 5% $258,696,680
IGO IGO Limited 15.31 4% $11,139,409,529
LPI Lithium Pwr Int Ltd 0.515 4% $193,644,557
TON Triton Min Ltd 0.026 4% $34,569,604
A11 Atlantic Lithium 0.78 4% $454,306,245
LLL Leo Lithium 0.535 4% $508,128,310
BYH Bryah Resources Ltd 0.027 4% $7,312,590
INR Ioneer Ltd 0.57 4% $1,154,086,047
VUL Vulcan Energy 7.25 4% $1,003,347,107
KAI Kairos Minerals Ltd 0.029 4% $54,994,618
WML Woomera Mining Ltd 0.015 3% $13,623,972
KTA Krakatoa Resources 0.061 3% $20,337,885
PSC Prospect Res Ltd 0.16 3% $71,650,217
KGD Kula Gold Limited 0.032 3% $11,197,570
LPD Lepidico Ltd 0.0165 3% $122,204,340
RAG Ragnar Metals Ltd 0.0175 3% $6,446,143
LNR Lanthanein Resources 0.035 3% $32,736,069
CXO Core Lithium 1.3475 3% $2,408,198,439
INF Infinity Lithium 0.18 3% $79,101,307
TSCDA Twenty Seven Co. Ltd 0.073 3% $7,556,711
JRL Jindalee Resources 2.2 3% $122,790,987
MNS Magnis Energy Tech 0.37 3% $349,319,334
PLS Pilbara Min Ltd 4.61 3% $13,445,893,626
LKE Lake Resources 0.975 3% $1,321,733,774
MRR Minrex Resources Ltd 0.04 3% $42,258,126
DRE Dreadnought Resources Ltd 0.1025 3% $307,371,155
RIO Rio Tinto Limited 110.44 2% $40,028,244,356
EUR European Lithium Ltd 0.085 2% $120,286,852
WR1 Winsome Resources 1.08 2% $146,847,582
NMT Neometals Ltd 0.9775 2% $527,867,823
AKE Allkem Limited 13.5 2% $8,417,086,735
NVA Nova Minerals Ltd 0.675 2% $138,376,440
TKM Trek Metals Ltd 0.092 2% $32,755,057
GLN Galan Lithium Ltd 1.46 2% $435,534,930
AM7 Arcadia Minerals 0.265 2% $12,141,452
CHR Charger Metals 0.535 2% $22,893,168
PLL Piedmont Lithium Inc 0.82 2% $424,694,494
CRR Critical Resources 0.057 2% $83,637,213
AGY Argosy Minerals Ltd 0.605 2% $835,622,461
ARN Aldoro Resources 0.305 2% $33,746,195
SCN Scorpion Minerals 0.076 1% $25,027,964
GL1 Globallith 2.32 1% $476,774,006
LIS Li-S Energy 0.395 1% $64,706,533
WES Wesfarmers Limited 48.965 1% $54,832,514,103
ESS Essential Metals Ltd 0.41 1% $104,880,391
AZL Arizona Lithium Ltd 0.0715 1% $171,104,715
LTR Liontown Resources 1.9175 1% $4,184,209,342
LEL Lithium Energy 0.9 1% $53,834,250
IR1 Iris Metals 1.8 1% $112,286,700
GT1 Greentechnology 0.965 1% $183,108,857
AML Aeon Metals Ltd 0.03 0% $32,892,019
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
LIT Lithium Australia 0.05 0% $61,059,584
MLS Metals Australia 0.044 0% $26,709,592
RLC Reedy Lagoon Corp. 0.011 0% $6,131,696
TKL Traka Resources 0.006 0% $4,132,647
EMS Eastern Metals 0.096 0% $3,750,184
GSM Golden State Mining 0.049 0% $5,733,696
TMB Tambourah Metals 0.14 0% $5,766,964
TEM Tempest Minerals 0.027 0% $13,628,687
WCN White Cliff Min Ltd 0.016 0% $11,961,654
QXR Qx Resources Limited 0.056 0% $49,384,290
AZI Altamin Limited 0.095 0% $37,213,091
STM Sunstone Metals Ltd 0.036 0% $94,336,071
PGD Peregrine Gold 0.485 0% $18,794,666
AVW Avira Resources Ltd 0.003 0% $6,401,370
BNR Bulletin Res Ltd 0.115 0% $33,647,977
RMX Red Mount Min Ltd 0.005 0% $8,211,819
RDT Red Dirt Metals Ltd 0.565 0% $187,991,973
LSR Lodestar Minerals 0.005 0% $8,692,187
AOA Ausmon Resorces 0.007 0% $6,001,025
SRI Sipa Resources Ltd 0.04 0% $9,079,437
VMC Venus Metals Cor Ltd 0.15 0% $26,711,802
RGL Riversgold 0.034 0% $32,145,902
EPM Eclipse Metals 0.019 0% $38,460,880
EVR Ev Resources Ltd 0.019 0% $17,650,697
THR Thor Mining PLC 0.008 0% $8,823,068
CZL Cons Zinc Ltd 0.02 0% $9,258,429
MXR Maximus Resources 0.043 0% $13,712,948
MM1 Midas Minerals 0.175 0% $9,998,059
M2R Miramar 0.099 0% $6,997,493
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ZEO Zeotech Limited 0.036 0% $59,065,404
ALY Alchemy Resource Ltd 0.027 0% $31,808,059
GW1 Greenwing Resources 0.335 0% $42,278,830
DAF Discovery Alaska Ltd 0.028 0% $6,278,572
FTL Firetail Resources 0.165 0% $10,725,000
DAL Dalaroometalsltd 0.11 0% $3,286,250
TUL Tulla Resources 0.385 0% $77,228,203
OCN Oceana Lithium 0.47 0% $16,179,750
CMD Cassius Mining Ltd 0.028 0% $11,304,745
EMH European Metals 0.73 -1% $87,523,273
CAI Calidus Resources 0.345 -1% $153,223,597
DTM Dart Mining NL 0.068 -1% $10,712,951
BMM Balkan Mining and Minerals 0.3 -2% $13,118,281
NWM Norwest Minerals 0.055 -2% $12,438,014
CY5 Cygnus Gold Limited 0.495 -2% $82,114,582
AAJ Aruma Resources Ltd 0.076 -3% $12,242,997
WC8 Wildcat Resources 0.029 -3% $19,860,682
G88 Golden Mile Res Ltd 0.027 -4% $5,728,513
AOU Auroch Minerals Ltd 0.053 -4% $20,411,149
AUN Aurumin 0.076 -4% $10,669,514
ZNC Zenith Minerals Ltd 0.305 -5% $112,420,665
AX8 Accelerate Resources 0.03 -5% $9,797,374
KZR Kalamazoo Resources 0.2 -5% $31,252,069
MTM Mt Monger Resources 0.1 -5% $3,938,553
SHH Shree Minerals Ltd 0.0085 -6% $11,146,382
FRS Forrestania Resources 0.165 -6% $8,823,469
A8G Australasian Metals 0.235 -6% $10,292,624
IMI Infinitymining 0.31 -6% $20,829,188
XTC Xantippe Res Ltd 0.0065 -7% $57,016,609
LLI Loyal Lithium Ltd 0.49 -8% $24,772,200
FG1 Flynngold 0.12 -8% $8,327,937
ADV Ardiden Ltd 0.009 -10% $26,683,354
IPT Impact Minerals 0.009 -10% $24,813,706
EFE Eastern Resources 0.032 -11% $40,943,612

Lithium outperformed today with 67 companies – or half of our watchlist – putting on weight while just 25 companies were in the red.

Who’s got news out?

New Age Exploration (ASX:NAE)

Shares in the company soared today after it reported that soil sampling had identified five extensive, strong lithium geochemical anomalies at its Central Pilbara gold-lithium project in Western Australia.

While none of these areas have been previously explored, they have each been defined by lithium values in excess of 150 parts per million and supported by all of the key multi-elements, including caesium, tantalum, tin and rubidium.

New Age has initiated a helicopter supported reconnaissance program to assess the priority areas in more detail.

Pure Resources (ASX:PR1)

Pure Resources has picked up a 160km2 exploration area that is prospective for lithium about 65km northeast of Patriot Battery Metals’ Corvette discovery in Quebec’s Superior Province.

The new claims cover part of the 70 km long Laforge Greenstone Belt that has structural and lithological analogies to the nearby La Grande Greenstone Belt, which hosts Corvette.

It intends to carry out aerial reconnaissance mapping and sampling in the company weeks.

Voltaic Strategic Resources (ASX:VSR)

The company has identified lookalikes of the third-party Yinnietharra/Malinda lithium discovery using hyperspectral remote sensing (HRS) survey at its Ti Tree project.

Several perceived outcropping pegmatite swarms have been identified from LANSAT satellite imagery within the anomalous HRS target zone.

Voltaic now plans to carry out shallow auger drilling to test the priority targets.

The post Eye on Lithium: Indonesia, Finland catch the lithium wave as PR1 surfs the same into Quebec appeared first on Stockhead.






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